Apr 21 2008

The power of shareholders can work marvels.

Published by Marc Thibault at 8:39 am under Energy, Green News

My friends calls it “bowing to pressure”. Or call it addressing and satisfying  shareholders’ concerns if you want. Of course, when these shareholders are as influential as Interfaith Center on Corporate Responsibility, a large religious representing 300 religious institutional investors or about $100 billion in investment funds and a very large activist network of investors – CERES-directed Investor Network on Climate Risk representing $3 trillion and they put forward a resolution that ask specifics about gas emissions reduction … But the good news is … Ford is the first car manufacturer to announce its strategy to reduce its fleet’s greenhouse gas emissions 30 percent by 2020. GM should follow soon (and announce the (re) launch of the electric car?).

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